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Enterprises finance training and continuing vocational training in order to increase productivity, motivation and loyalty among employees. Employees invest in the acquisition of general and specific knowledge and skills in the hopes of increasing future income and job security and improving career advancement. Making use of extensive data on enterprises and individuals, and with the aid of specific econometric procedures and detailed case studies, the authors explain the economic rationale behind the financing of and participation in training and continuing vocational training. The publication contains in edited form the lectures held at the conference 'Enterprise training and social policies', which was held at the Institute for Work and Technology.